Japan Finance Minister Urges G7 to Pressure China to Abide by Debt Relief Initiative By Reuters , Wire Service Content Sept. 25, 2020 By Reuters , … The counsel to the protesters, Mr. Adeshina Ogunlana, petitioned for further viewing of the footage. It was another day of heavy buying in the stock market as investors continued processing the election. In … to the funding of infrastructure, which will enhance the productivity of our economy. Lagos Governor, Sanwo-Olu has presented President Buhari with a report of the destruction that occurred in Lagos during last month’s unrest. The WTO has announced the postponement of its November 9 meeting which was scheduled to publicly announce the new DG. Amid concerns from the pandemic, the health care sector is more closely watched than ever. Earlier, China released new fiscal funds of 2 trillion yuan (290 billion U.S. dollars) that aim to directly benefit businesses and people, and consolidate the foundation of the country's restorative growth. Here are Bank of America's latest stock upgrades. (CGTN's Feng Yilei and Wang Lei contributed to the story. The government also has finished issuing 1 trillion yuan in special treasury bonds. What opportunities does Trump have in a legal battle over elections? “Other projects are in healthcare and education. Nigeria’s debt level still not a problem: According to the Finance Minister, the Fiscal Responsibility Act set Nigeria’s current portfolio ceiling at 25% of total debt to GDP, so sustainability is not a problem. We can also expect that the cities and counties have already allocated funds to projects, which lays a good foundation for the follow-up budget implementation, and the speed will be further improved.". China Banking News covers all the latest news and development in the Chinese finance and fintech sectors. Among them, the interest paid on local government bonds in August was 99 billion yuan. Already, in a bid to aid business owners who were affected, Deputy Governor of Lagos, Dr Obafemi Hamzat, announced in October that the Lagos State government would support the owners of stores that were looted when the #EndSARS protests were hijacked by hoodlums. In 2017, the ratio was 57% and 51% in 2018.”, Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). By. READ: Dangote Group’s $2 billion fertilizer plant to start operations in December 2020. The pandemic has accentuated the need for financial advisors to differentiate on more than a financial level. As of the end of August 2020, the average remaining life of local government bonds is 6.6 years, including 6 years for general bonds and 7.2 years for special bonds; the average interest rate is 3.50%, including 3.51% for general bonds and 3.50% for special bonds. Honorable Finance Minister Smt Nirmala Sitharaman Union Minister. Effective use of “subtraction” – great economisation of government expenditures, and strict control various forms of standard expenditures. The Ministry of Finance of the People's Republic of China (Chinese: 中华人民共和国财政部; pinyin: Zhōnghuá Rénmín Gònghéguó Cáizhèngbù) is the cabinet-level executive department of the State Council which administers macroeconomic policies and the annual budget. China News Service, September 24. Among them, 14.8 years for general bonds and 15.2 years for special bonds. In, 2017, the ratio was 57% and 51% in 2018.”, Finance Bill designed for the good of Nigerians – Finance Minister, Zainab Ahmed), Again, Finance Minister argues that Nigeria is not in debt distress), #EndSARS: We are working to stabilize things across the state, as we look to rebuild – Sanwo-Olu, MSME Fund: Artisan Support beneficiaries receives training certificates, Amaechi proposes a capital budget of N205 billion for Ministry of Transportation in 2021, WTO Leadership: Okonjo-Iwela’s emergence as DG faces another new hurdle, Okonjo-Iweala gets Organised private sector’s endorsement for WTO job, This is what Ngozi Okonjo-Iweala is up against, #EndSARS: CCTV footage from day of Lekki shootings played at Judicial Panel, CBN warns SMEs not to pay any fee to access its N50 billion stimulus package, Gbajabiamila roots for the review of Federal Character Laws, Dangote Group’s $2 billion fertilizer plant to start operations in December 2020. 9 months ago. China will expedite the release of special funds to enhance fiscal strength at the grassroots, said China's Vice Finance Minister Xu Hongcai at a press conference on Wednesday. on. Supporting innovation development and industrial upgrade, stabilising foreign investment and trade, and ensuring that industry supply chains remain stable; Supporting and thoroughly implementing strategies for the invigoration of rural areas; Providing fiscal guarantees to poverty alleviation, and further guaranteeing and improving living standards; Expanding support for local government finances. Minister of Emergency Management: CPC: State Councilor Wang Yong: 25 People's Bank of China (PBC) 中国人民银行 1948 Yi Gang 易纲 Governor of the People's Bank of China: CPC: Vice-Premier Liu He (Director of the Central Financial and Economic Affairs Commission Office) 26 National Audit Office 审计署 1983 Hou Kai 侯凯 y responsible for the repayment of the loan being borrowed. Retirement savers should look for broad-based funds as core holdings and consider the fees. While the stakes tend to be lower than most partisans claim, the results will impact investors in myriad ways. The World Trade Organization (WTO) has announced that it postponed the planned November 9th meeting to discuss the appointment of Nigeria’s Ngozi Okonjo-Iweala as the next Director-General. Financial advisors are everywhere. VCG. It also handles fiscal policy, economic regulations and government expenditure for the state. Being more consistent with your investment strategy can pay off. India's gross domestic product (GDP) has been predicted to contract 4.5 per cent in 2020, the finance ministry said on Monday quoting International Monetary Fund … From January to August 2020, local government bonds will repay 1,164.1 billion yuan in principal at maturity. Biden, it's water, flat, without waves", Micro-record丨Xi Jinping held the "Medal of Friendship" award ceremony for the Queen Mother Monineath of Cambodia-Chinanews.com, Do you love a country like art empowering? The Ministry of Finance of the People’s Republic of China is the national executive agency of the Central People’s Government which administers macroeconomic policies and the national annual budget. Nairametrics reported in October that Nigeria’s former Finance Minister, Dr Ngozi Okonji-Iweala, was close to being appointed as the new Director-General of the World Trade Organisation (WTO). Using debt to cover up dwindling revenue: With revenue declining, the government intends to borrow in order to fund various projects which it says will reflect positively on the lives of Nigerians. Comparative assessments and other editorial opinions are those of U.S. News After the events that led to the riots and lootings calmed down in October, the Speaker of the House of Representatives, Femi Gbajabiamila, disclosed that Lagos State would need about N1 trillion for the reconstruction and repair of the properties and infrastructure that were vandalized and destroyed by hoodlums. Is the meal replacement that celebrities bring goods and capital enthusiasts the next trend or the IQ tax?